Common use of Authorized and Issued Capital Clause in Contracts

Authorized and Issued Capital. The authorized capital of the Corporation consists of an unlimited number of common shares of which 20 common shares and 100 preferred shares (and no more) have been duly issued and are outstanding as fully paid and non-assessable. All of the Purchased Shares have been issued in compliance with all applicable Laws including, without limitation, applicable securities Laws.

Appears in 1 contract

Samples: Share Purchase Agreement (Novamerican Steel Inc)

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Authorized and Issued Capital. The authorized capital of the Corporation consists of an unlimited number of common shares Class A Common Shares, and an unlimited number of Class B Common Shares of which 20 common shares only 100 Class A Shares and 100 preferred shares (and no more) Class B Shares have been duly issued and are outstanding as fully paid and non-assessablenonassessable. All The Purchased Shares represent all of the Purchased Shares have been issued and outstanding shares in compliance with all applicable Laws including, without limitation, applicable securities Lawsthe capital of the Corporation.

Appears in 1 contract

Samples: Share Purchase Agreement (Ars Networks Inc)

Authorized and Issued Capital. The authorized capital of the Corporation consists of an unlimited number of common shares Common Shares, an unlimited number of Class A Special Shares and an unlimited number of Class B Special Shares of which 20 common shares and 100 preferred shares 12,858 Common Shares (and no more) and 1,197 Class A Special Shares have been duly issued and are outstanding as fully paid and non-assessable. All of the Purchased Shares have been issued in compliance with all applicable Laws including, without limitation, applicable securities Laws.

Appears in 1 contract

Samples: Share Purchase Agreement (International Menu Solutions Corp)

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Authorized and Issued Capital. The authorized capital of the Corporation consists of an unlimited number of common shares Class A Special Shares, Class B Special Shares, Class C Special Shares and Common Shares, of which 20 common shares and 100 preferred shares 10,000 Common Shares (and no more) have been duly issued and are outstanding as fully paid and non-assessable. All of the Purchased Shares have been issued in compliance with all applicable Laws including, without limitation, applicable securities Laws.;

Appears in 1 contract

Samples: Agreement (Paradigm Advanced Technologies Inc)

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